Business Update9 May 2026, 07:10 pm
GHV Infra Bags ₹7,000 Cr Cameroon Tyre Plant EPC Project
AI Summary
GHV Infra Projects Ltd has received a Letter of Intent (LOI) from Cameroon Tyres Factory Project SA for the Engineering, Procurement and Construction (EPC) of a greenfield tyre manufacturing plant in Cameroon. The project, valued at EURO 630 million (approximately ₹7,000 Crores) excluding taxes, involves constructing a plant with a capacity of 7.6 million tyres per annum on an LSTK basis. The completion period is 36 months from the notice to proceed.
Key Highlights
- GHV Infra secures EPC contract for a tyre plant in Cameroon.
- Project value is EURO 630 million (approximately ₹7,000 Crores).
- Plant capacity: 7.6 million tyres per annum.
- Completion timeline: 36 months from the notice to proceed.